ZMMC Holdings LLC Acquires SFR In Miami For $5.1M With Buyer's Rep Simon Fadel - FPG Advising LLC
SOLD
$5,100,000
Florida
See Similar DealsSingle Family Residence8,856 SF
Sold 02/25/2022
SOLD
ZMMC Holdings LLC Acquires SFR In Miami For $5.1M With Buyer's Rep Simon Fadel - FPG Advising LLC
8505 SW 53 Ave, Miami, Florida 33143, United States
See Similar DealsSingle Family Residence8,856 SF
Sold 02/25/2022
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$575
Total Square Footage:8,856 SF
Transaction Type:Sale
A single-family home located at 8505 SW 53 Avenue in Miami has been sold for a price of $5,100,000. The property spans an area of 8,856 square feet, resulting in a price per square foot of $576. The sale took place on February 25, 2022, and the transaction involved buyer ZMMC Holdings LLC and seller Luis G. Mosquera Living Trust.
Summary of transaction details
- Property Type: Single-family home
- Transaction Amount: $5,100,000
- Address: 8505 SW 53 Avenue, Miami
- Square Footage: 8,856
- Price per Square Foot: $576
- Date: February 25, 2022
- Buyer: ZMMC Holdings LLC
- Seller: Luis G. Mosquera Living Trust
- Buyer's Representative: Simon Fadel - FPG Advising LLC
Simon Fadel from FPG Advising LLC represented ZMMC Holdings LLC in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$271,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,119.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,176.60
Annual Debt Service$290,119.22
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